Liquid assets refer to:
A)amounts that must be paid soon.
B)cash and items of value that can be easily converted to cash.
C)total income available to a family for spending.
D)the value of investments.
E)amounts on which taxes must be paid.

Question

Quizplus · Accepted Answer

Liquid assets are assets that can be quickly and easily converted into cash without significant loss in value, which includes cash itself and items of value like stocks and bonds that can be sold quickly.

Liquid Assets Refer To